Method, system, and program product for selecting a brokering method for obtaining desired service level characteristics

A system for selecting a brokering method for obtaining desired service level characteristics, comprising:

• a system for receiving a set of requests for an elemental bidding resource (EBR);
• a system for evaluating market conditions for the EBR from historical data;
• a system for determining whether a demand for the EBR exceeds a supply of the EBR;
• a system for selecting a brokering strategy to allocate the EBR based on the market conditions, the supply, and the demand;
• and
• a system for selecting a brokering method associated with the brokering strategy.

A program product stored on a computer readable medium for selecting a brokering method for obtaining desired service level characteristics, the computer readable medium comprising program code for causing a computer system to:

• receive a set of requests for an elemental bidding resource (EBR);
• evaluate market conditions for the EBR from historical data;
• determine whether a demand for the EBR exceeds a supply of the EBR;
• select a brokering strategy to allocate the EBR based on the market conditions, the supply, and the demand;
• and
• select a brokering method associated with the brokering strategy.

A method for deploying a system for selecting a brokering method for obtaining desired service level characteristics, comprising:

• providing a computer infrastructure being operable to:
• receive a set of requests for an elemental bidding resource (EBR);
• evaluate market conditions for the EBR from historical data;
• determine whether a demand for the EBR exceeds a supply of the EBR;
• select a brokering strategy to allocate the EBR based on the market conditions, the supply, and the demand;
• select a brokering method associated with the brokering strategy.